Rebar prices are weakening in Turkiye as the dollar exchange rate continues to increase. The decrease in rebar prices also put pressure on raw material prices. Scrap connections made on Friday last week at $366-368 were $5-7 below the previous purchases.
Spot rebar prices by region, as assessed by www.steelradar.com on September 19, 2023, are as follows;
Istanbul rebar prices 18,600 TL (-150)
Izmir rebar prices 18.500 TL (-150)
Karabuk rebar prices 18.600 TL (-150)
Payas rebar prices 18.750 TL (-150)
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